Michael Carter
I write about the structural forces shaping the semiconductor industry over multi-year periods. My research covers government semiconductor programs, regional manufacturing strategies, technology investment, supply-chain restructuring, industry consolidation, and long-term demand from AI, cloud computing, automotive electronics, and other major technology markets. I joined this website because semiconductor developments increasingly involve more than individual technology companies. Government incentives can influence where factories are built, changes in regional policy can reshape supply chains, and large capital investment programs can alter capacity for many years. I believe these structural developments deserve to be examined alongside traditional semiconductor industry indicators. One of my primary areas of research is the changing geography of semiconductor manufacturing. The global industry has historically depended on highly specialized production networks, but companies and governments are increasingly examining supply-chain resilience and regional manufacturing capacity. I follow these developments to understand how they may influence costs, capacity, technology access, and competitive positioning. I also study industry consolidation and strategic investment. Partnerships, acquisitions, joint ventures, technology agreements, and large-scale capital programs can change the competitive landscape even when their effects are not immediately visible in quarterly results. My research attempts to place these developments within a longer-term industry framework. Investment research is another part of my work. I follow semiconductor companies, sector indices, and major investment themes while focusing on the fundamental structural changes that may influence them. On this website, I aim to give readers a longer-term perspective on semiconductor industry development and explain why policy, manufacturing strategy, technology investment, and demand are increasingly interconnected.
Semiconductor industry strategy analyst covering government policy, regional manufacturing, supply-chain restructuring, technology investment, and long-term industry development.
Michael Carter is a semiconductor industry strategy analyst who examines the structural changes shaping the global chip industry. His work on this website focuses on developments that can influence semiconductor manufacturing and competition over several years rather than only within a single market cycle.
Michael closely follows government semiconductor initiatives, regional manufacturing policies, fab construction programs, technology investment, and supply-chain restructuring. His research explores how these developments are changing the geographic and strategic structure of semiconductor production.
Another important part of Michael's coverage is industry consolidation. He examines partnerships, acquisitions, joint ventures, strategic investments, and technology agreements to understand how semiconductor companies are adapting to changing competitive conditions.
His research also considers long-term demand from AI computing, cloud infrastructure, automotive electronics, consumer technology, and other major semiconductor end markets. Michael looks at how these demand trends interact with manufacturing investment and supply-chain decisions.
For readers following semiconductor markets from an industry or investment perspective, Michael's articles provide a structural view of the forces influencing the sector and the long-term decisions being made by companies and governments around the world.
His Articles
Asymmetric Semi-Crude Correlation: Upside vs. Downside Subsample Analysis
Semiconductor equities rarely move in isolation. Their returns are entangled with macro variables: interest rates, exchange rates, credit spreads, and commodity cycles. Yet the way these linkages show up is not symmetrical. When semis rally, their correlation with macro drivers looks different than when they sell off. Upside and downside markets carry different stories about how the sector interacts with financial conditions. An asymmetric correlation lens—separating upside and downside subsamples—helps uncover those differences.
Die-to-Die Interconnect (UCIe/BoW) Breaks Multi-Chip Module Performance Bottlenecks
For years, multi‑chip modules (MCMs) and chiplet‑based designs have promised a way around the limits of monolithic system‑on‑chips: better yield, more flexible integration, and modular reuse of IP. Yet one constraint kept their potential in check—the performance bottlenecks at the interfaces between dies. As long as die‑to‑die links behaved more like “mini‑PCIE slots” than true on‑chip fabric, MCMs could not fully match the speed and efficiency of large single dies.